Columbia sportswear

Columbia Sportswear (NASDAQ:COLM) Receives Consensus Rating of “Hold” by Brokerages

Columbia Sportswear (NASDAQ:COLM – Get Rating) has been assigned an average recommendation of “Hold” by the twelve research companies that cover the stock, reports MarketBeat. One research analyst rated the stock with a sell rating, four gave the company a hold rating and three gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock over the past year is $86.88.

Several brokerages have recently commented on COLM. Cowen raised his price target on shares of Columbia Sportswear to $89.00 in a Tuesday, Nov. 1, report. Robert W. Baird lowered his price target on Columbia Sportswear from $85.00 to $82.00 and set a “neutral” rating on the stock in a Thursday, July 28 report. UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a “neutral” rating for the company in a Thursday, July 28 research report. Cowen raised its price target on Columbia Sportswear from $85.00 to $86.00 and gave the company an “outperform” rating in a Tuesday, September 27 research report. Finally, StockNews.com began covering Columbia Sportswear stocks in a research note on Wednesday, October 12. They set a “hold” rating for the company.

Columbia Sportswear Price Performance

Shares of Columbia Sportswear opened at $80.51 on Tuesday. The stock has a market capitalization of $5.00 billion, a PE ratio of 15.11, a growth price-earnings ratio of 1.84 and a beta of 0.88. The company has a 50-day simple moving average of $72.81 and a 200-day simple moving average of $74.35. Columbia Sportswear has a 12 month minimum of $65.02 and a 12 month maximum of $107.50.

Columbia Sportswear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Investors of record on Thursday, November 17 will receive a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 1.49%. The ex-date of this dividend is Wednesday, November 16. Columbia Sportswear’s dividend payout ratio (DPR) is currently 22.51%.

Insiders place their bets

In other Columbia Sportswear news, Chief Financial Officer Jim A. Swanson purchased 500 shares of the company in a trade on Monday, August 29. The shares were acquired at an average price of $72.99 per share, for a total transaction of $36,495.00. Following the completion of the purchase, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The purchase was disclosed in a filing with the SEC, which is available via this link. 42.37% of the shares are held by insiders of the company.

Institutional investors weigh in on Columbia Sportswear

Hedge funds have recently been buying and selling stocks. BlackRock Inc. increased its stake in shares of Columbia Sportswear by 0.9% during the first quarter. BlackRock Inc. now owns 2,948,229 shares of the textile maker worth $266,903,000 after purchasing an additional 25,416 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Columbia Sportswear by 25.2% during the second quarter. JPMorgan Chase & Co. now owns 1,374,290 shares of the textile maker worth $98,372,000 after buying an additional 276,930 shares last quarter. Victory Capital Management Inc. increased its stake in Columbia Sportswear by 27.7% in the third quarter. Victory Capital Management Inc. now owns 1,240,784 shares of the textile maker valued at $83,505,000 after buying an additional 269,345 shares in the last quarter. Boston Trust Walden Corp increased its stake in Columbia Sportswear by 0.5% in the third quarter. Boston Trust Walden Corp now owns 1,003,888 shares of the textile maker valued at $67,562,000 after buying an additional 5,123 shares last quarter. Finally, State Street Corp increased its stake in Columbia Sportswear by 5.5% in the first quarter. State Street Corp now owns 981,366 shares of the textile maker valued at $88,843,000 after buying an additional 50,938 shares last quarter. Institutional investors and hedge funds hold 48.56% of the company’s shares.

Columbia Sportswear Company Profile

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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.

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Analyst Recommendations for Columbia Sportswear (NASDAQ:COLM)

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